The recent surge in cryptocurrency prices, highlighted by PEPE reaching its all-time high (ATH), appears to have been short-lived as market bears take control once again. Over the last 24 hours, meme coins have shown a negative trend, causing concern among investors. The price of leading meme coin DOGE has dropped to $0.1497, reflecting a 3.93% decrease since yesterday.
How Much is 1 DOGE in Dollars?
DOGE, the volume leader among meme coins, is showing signs of weakness. Currently, DOGE is valued at $0.1497 after a 3.93% decline in the past 24 hours. Over the past week, DOGE has experienced a 1.52% drop. Its market capitalization stands at $21.6 billion, with a 24-hour trading volume of $1.376 billion, marking a 21% decrease from the previous day.
SHIB Commentary and Price
SHIB is drawing closer to DOGE, with its community growing increasingly curious about the Shiba Inu development team. As of now, SHIB is trading at $0.00002453 after a 2.86% decline in the past day. However, a 4.35% increase over the last week has narrowed the market cap gap between SHIB and DOGE to $7 billion. SHIB’s market capitalization is currently around $14 billion, with a 24-hour trading volume of $832 million, a 19% drop from yesterday.
PEPE Moves Away from ATH
PEPE Coin enjoyed a stellar two days but has since started to decline. After reaching its ATH on May 15, PEPE is now trading at $0.00001006 following a 4.65% drop in the last 24 hours. The coin is currently 13% below its ATH of $0.00001156. Still, the 17% increase over the past week has been welcomed by investors.
Latest Situation in Solana’s WIF
March 2024 saw Dogwifhat (WIF) make significant gains. On March 31, the coin peaked at $4.85 but is now 41% below its ATH, achieved just 40 days ago. WIF’s current price is $2.84, following a 7.58% decline. Over the past week, WIF has lost 9.14% of its value. The market cap difference between WIF and PEPE has grown to $1.4 billion, with WIF holding a market cap of $2.8 billion and a 24-hour trading volume of $678 million.
Key Takeaways for Investors
– DOGE has seen a significant decline in both price and trading volume.
– SHIB is narrowing the market cap gap with DOGE despite a recent decline.
– PEPE has retreated from its ATH but still shows a positive trend over the past week.
– WIF has experienced a substantial drop from its March highs, indicating potential investor caution.
In summary, meme coins are currently facing a bearish market, which has led to notable declines in their prices and market caps. Investors should remain vigilant and consider these trends when making decisions.